What does service center segment — goodwill mean?

The carrying value of goodwill associated with the service center segment, representing the premium paid for acquisitions over the fair value of net identifiable assets. It serves as an indicator of historical inorganic growth and potential future impairment risk.

Applied Industrial Technologies (AIT) Service Center Segment — Goodwill

Screener

Other segment segments

Engineered Solutions

$479.19M+1.1%

Service Center

$225.81M+2.6%

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Other financials

Income statement

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Revenue$1.3B+7.3%

Gross profit$380.8M+7.2%

Operating income$137.9M+6.6%

Net income$99.8M0.0%

EPS (diluted)$2.65+3.1%

Balance sheet

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Cash & equivalents$171.6M-51.4%

Total debt$365.3M-36.2%

Total equity$1.9B+1.8%

Total assets$3.0B-4.1%

Cash flow

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Operating cash flow$100.1M-18.2%

CapEx$4.7M-37.3%

Free cash flow$95.4M-17.0%

Valuation

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Market cap$13.24B+31.2%

Enterprise value$13.43B+28.2%

P/E32.8×+7.1×

P/S2.7×+0.5×

Profitability

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Gross margin30.4%+0.1pp

Operating margin10.9%-0.3pp

Net margin8.3%-0.3pp

FCF margin9.1%-0.7pp

Returns & leverage

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Return on equity21.9%-0.3pp

Debt / equity0.2×-0.1×

Current ratio2.9×-0.6×

Where this comes from

Reported directly by Applied Industrial Technologies in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The source filing: Applied Industrial Technologies’s 10-K, filed August 15, 2025.

Filed: Aug 15, 2025
Fiscal year: FY2025
Accession: 0000109563-25-000080

Line item	Service Center	Engineered Solutions	Total
Balance at July 1, 2023	$211,231	$367,187	$578,418
Goodwill acquired during the year	9,712	32,634	42,346
Other, primarily currency translation	(1,369)	—	(1,369)
Balance at June 30, 2024	219,574	399,821	619,395
Goodwill acquired during the year	2,262	77,847	80,109
Other, primarily currency translation	(130)	—	(130)
Balance at June 30, 2025	$221,706	$477,668	$699,374

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.

FAQ

What is Applied Industrial Technologies's service center segment — goodwill?: Applied Industrial Technologies (AIT) reported service center segment — goodwill of $221.71M in Q2 2025.
What does service center segment — goodwill mean?: The carrying value of goodwill associated with the service center segment, representing the premium paid for acquisitions over the fair value of net identifiable assets. It serves as an indicator of historical inorganic growth and potential future impairment risk.